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Ukraine has signed a $ 400 million loan agreement with Canada

Credit funds will be used to finance priority government expenditures.

Ukraine has signed a loan agreement with the Government of Canada to provide Ukraine with 500 million Canadian dollars (about 400 million US dollars at current exchange rates). The Minister of Finance of Ukraine Serhiy Marchenko wrote about the loan agreement with the Government of Canada on Facebook.

“I have just signed a loan agreement with the Government of Canada to provide 500 million Canadian dollars to Ukraine . The credit funds will be used to finance the state's priority expenditures. But this is not only a timely contribution to maintaining Ukraine's financial stability, but also assistance that brings our victory over the aggressor closer, “the minister wrote.

Marchenko clarified that the loan funds are provided to Ukraine on preferential terms, with a maturity of 10 years.

“I am grateful to the Government of Canada and personally to the Deputy Prime Minister and Minister of Finance of Canada Christie Freeland for the decision. demonstrates that it is one of the world leaders and a reliable friend of Ukraine, “Marchenko added.

Read also: Canada imposes sanctions on 33 Russian defense companies

It was previously reported that the government of Canada will send 1 billion Canadian dollars (773 million US dollars) to help Ukraine through a special administrative account of the IMF.

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Source: ZN

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